Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, “We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market. In October, we celebrated a major milestone: one million cumulative deliveries, a first for emerging new energy automotive brands in China. These remarkable results highlighted our rapidly growing brand influence and users’ strong recognition of our advancements in intelligentization. As our vehicle deliveries continue to grow, we are creating a virtuous cycle of innovation and advancement, driving the intelligentization of Li Auto vehicles to new heights. Notably, our latest autonomous driving solution, which integrates an end-to-end (E2E) model and a
Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, “We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market. In October, we celebrated a major milestone: one million cumulative deliveries, a first for emerging new energy automotive brands in China. These remarkable results highlighted our rapidly growing brand influence and users’ strong recognition of our advancements in intelligentization. As our vehicle deliveries continue to grow, we are creating a virtuous cycle of innovation and advancement, driving the intelligentization of Li Auto vehicles to new heights. Notably, our latest autonomous driving solution, which integrates an end-to-end (E2E) model and a
Li Auto Q3 2024 Adj. EPADS $0.52 Misses $2.31 Estimate, Sales $6.110B Miss $41.665B Estimate
$LI AUTO-W(02015)$ $LI AUTO-W(02015)$ BEIJING - Chinese electric vehicle maker Li Auto Inc . (NASDAQ:LI) reported better-than-expected third-quarter results on Wednesday Li Auto posted adjusted earnings per share of RMB3.63 ($0.52) for the quarter ended September 30, surpassing analyst estimates of RMB2.68. Revenue came in at RMB42.9 billion ($6.1 billion), topping the consensus forecast of RMB41.6 billion and representing a 23.6% increase YoY. We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market," said Xiang Li, chairman an
$LI AUTO-W(02015)$ BEIJING - Chinese electric vehicle maker Li Auto Inc . (NASDAQ:LI) reported better-than-expected third-quarter results on Wednesday Li Auto posted adjusted earnings per share of RMB3.63 ($0.52) for the quarter ended September 30, surpassing analyst estimates of RMB2.68. Revenue came in at RMB42.9 billion ($6.1 billion), topping the consensus forecast of RMB41.6 billion and representing a 23.6% increase YoY. We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market," said Xiang Li, chairman and CEO of Li Auto. Vehicle sales rose 22.9% YoY to RMB41.3 billion ($5.9 billion). Gross margin contracted slightly to 21
Wrong information posted. Accurate from Li Auto website as below Net Income and Net Earnings Per Share Net income was RMB2.8 billion (US$401.9 million) in the third quarter of 2024, representing an increase of 0.3% from RMB2.8 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.1 billion in the second quarter of 2024. Non-GAAP net income was RMB3.9 billion (US$548.8 million) in the third quarter of 2024, representing an increase of 11.1% from RMB3.5 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.5 billion in the second quarter of 2024. Basic and diluted net earnings per ADS attributable to ordinary shareholders were RMB2.82 (US$0.40) and RMB2.66 (US$0.38) in the third quarter of 2024, respectively, compared with RMB2.86 and RMB2.67 in th
The header information all wrong. Net Income and Net Earnings Per Share Net income was RMB2.8 billion (US$401.9 million) in the third quarter of 2024, representing an increase of 0.3% from RMB2.8 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.1 billion in the second quarter of 2024. Non-GAAP net income was RMB3.9 billion (US$548.8 million) in the third quarter of 2024, representing an increase of 11.1% from RMB3.5 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.5 billion in the second quarter of 2024. Basic and diluted net earnings per ADS attributable to ordinary shareholders were RMB2.82 (US$0.40) and RMB2.66 (US$0.38) in the third quarter of 2024, respectively, compared with RMB2.86 and RMB2.67 in the third quarter of 2023, respec
EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%
China Stimulus Exclusive: Eyeing US election, China considers over $1.4 trillion in extra debt over next few years
$LI AUTO-W(02015)$ Oct 29 (Reuters) - China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump wins the U.S. election, said two sources with knowledge of the matter. China's top legislative body, the Standing Committee of the National People's Congress (NPC), is looking to approve the fresh fiscal package, including 6 trillion yuan which would partly be raised via special sovereign bonds, on the last day of a meeting to be held from Nov. 4-8, said the sources The meeting's timing, which coincides with the week of the U.S. presidenti
China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
Bloomberg-- Asian equities rose as investors digested China’s better-than-expected economic data and additional stock buyback program details from the country’s central bank. Shares in China and Hong Kong extended gains after the People’s Bank of China said it set up a relending mechanism with an initial 300 billion yuan ($42.1 billion) quota for bank loans used in share buybacks. Earlier, data also showed that the nation’s latest gross domestic product, industrial production and retail sales figures beat estimates. $XPENG-W(09868)$ $LI AUTO-W(02015)$
China has ‘room’ for higher debt, more policy support, finance minister says
China’s Ministry of Finance begins press conference, will tap unused bond reserve to aid real estate, local governments 10:36AM ‘Srongest’ debt relief measures planned Finance Minister Lan has laid out what he has termed the “strongest” debt relief measure undertaken by China in years. To alleviate debt pressures on local governments, he said, a one-time, large-scale debt ceiling increase will be employed to swap with local governments’ hidden debts. The ministry will continue to allocate a portion of annual special bonds specifically to address existing debt related to government investment projects, he added. $LI AUTO-W(02015)$ $Li Auto(LI)$
Time to Join HK stocks again? - China's finance ministry to detail fiscal policy for economy boost on Sat
$Li Auto(LI)$ BEIJING – China will hold a briefing on fiscal policy on Oct 12 as investors look for additional measures to stimulate the world’s No. 2 economy. The State Council Information Office announced the event on Oct 9. Finance Minister Lan Fo’an will introduce moves to strengthen fiscal policy to shore up growth and answer questions from reporters, according to the notice. Many expect an announcement by the Ministry of Finance, typically tasked with issuing bonds to support stimulus measures, after the National Development and Reform Commission (NDRC) disappointed on Oct 8 by announcing no major pro-growth steps after the long national holiday. Banks including Morgan Stanley and HSBC Holdings expect two
$LI AUTO-W(02015)$ #China's finance ministry to detail fiscal policy for economy boost on Sat BEIJING – China will hold a briefing on fiscal policy on Oct 12 as investors look for additional measures to stimulate the world’s No. 2 economy. The State Council Information Office announced the event on Oct 9. Finance Minister Lan Fo’an will introduce moves to strengthen fiscal policy to shore up growth and answer questions from reporters, according to the notice. Many expect an announcement by the Ministry of Finance, typically tasked with issuing bonds to support stimulus measures, after the National Development and Reform Commission (NDRC) disappointed on Oct 8 by announcing no major pro-growth steps after the
$LI AUTO-W(02015)$ (Yicai) Oct. 9 -- Chinese new energy vehicle startup Li Auto is accelerating its chip development efforts by setting up a new research and development office in Hong Kong to attract overseas talent, LatePost Auto reported As smart driving technology rapidly develops, Chinese carmakers are trying to steal a march on their rivals by developing their own chips. Beijing-based Li Auto is working on two, and has finished designing one for intelligent driving, the report said. In the first nine months of this year, Li Auto’s vehicle deliveries increased 40 percent from a year earlier to 341,812 units, ranking first among electric vehicle startups in China. Nio and Xpeng delivered 149,281 and 98,5